RE SALESPERSON - The Corcoran Group
410 East 57th Street, Sutton Place, New York, NY 10022
3rd Ave & 60th St At Se Corner
0.34 miles away
3rd Ave & 53rd St At Ne Corner
0.35 miles away
3rd Ave & 60th St At Ne Corner
0.36 miles away
3rd Ave & 53rd St At Se Corner
0.36 miles away
410 East 57th Street, Apt 11A, New York, NY 10022 Affordability
Are you planning on getting a mortgage for this Sutton Place Co-op apartment? Most co-ops require a minimum down payment of 20%, but some might even require you to put down 50% of the purchase price of more. If you’re putting 20% down on this $2,198,000 three-bedroom home that will end up coming to $109,900.
Closing costs are notoriously high in NYC, but at least you’ll avoid the dreaded mortgage recording tax which doesn’t apply to apartments in cooperative buildings. Coop closing costs are significantly lower due to this.
You’ll also be on the hook for the new progressive New York City mansion tax, which applies to every NYC property that sells for $1 million or more. Rates start at 1% for $1-1.99 Million properties and go up 3.9% for properties priced above $25 Million. You can expect to pay a mansion tax of $27,475 if you purchase this Co-op at 410 East 57th Street, Apt 11A.
Are you interested in purchasing 410 East 57th Street, Apt 11A and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $43,960.
Located at 410 East 57th Street, Apt 11A, in Sutton Place, this 2200 sqft three-bedroom home is listed by Danny Davis, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Danny at +19177768564.